John Stossel has a pre-Oscar column about how Hollywood and Congress killed a market in film futures:
"The Commodity Futures Trading Commission did a three-year review and concluded that there was legitimate economic purpose behind this market," Jacobs added.
But last year, then-Sen. Chris Dodd and Rep. Barney Frank said no.
Now I hear Dodd might be appointed head of the movie studios' lobby. Cozy. Maybe sleazy. But that's how politics and regulation work.
